Hug Sleep Shark Tank Update
wearable blanket
What Happened to Hug Sleep After Shark Tank
Is Hug Sleep still in business? Yes — still in business and thriving.
$8M
estimated annual revenue
- Deal closed: $300,000 for 20% equity with Lori Greiner and Mark Cuban
- $4 million in sales after the Shark Tank episode aired
- Lifetime revenue reached $15 million as of October 2022
- Featured in follow-up update segment in episode 1216 about managing the post-show order surge
Last verified Apr 5, 2026. Web-confirmed sources.
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The Hug Sleep Shark Tank Pitch
Angie Kupper and Matt Mundt pitched Hug Sleep on Shark Tank Season 12, Episode 3, which aired Friday, October 30, 2020, asking for $150,000 for 10% of the company — a $1.5M valuation.
Mark Cuban and Lori Greiner teamed up and agreed to invest $300,000 for 20% equity, valuing the company at $1.5M. The deal closed after the show.
Watch the Pitch
Pitch Details
- Aired
- S12E3Oct 30, 2020
- Ask
- $150,000for 10%
- Ask Valuation
- $1.5M
Deal Terms
- Amount
- $300,000
- Equity
- 20%
- Valuation
- $1.5M
Mark Cuban
Lori Greiner